The results were clear: No matter what party they support, who they voted for, or what their politics are, the majority of taxpayers don’t want a tax hike to come at the end of the year. - 95% of Republicans,
- 81% of independents,
- and 74% of Democrats...
All prefer taxes to stay the same. Voters also expressed concerns that allowing these tax cuts to expire could harm small businesses, middle-class families, and the broader economy. Key Republican lawmakers, including House Speaker Mike Johnson and Senate Majority Leader John Thune, are working to solidify support for making the cuts permanent, aiming to pass the necessary legislation by this summer. Fortunately, this doesn’t just maintain the status quo on taxes. Steps are being taken to take tax cuts even further. If we want to cut wasteful spending in reconciliation, let’s start with the Inflation Reduction Act. This act’s name is misleading, as it did nothing to cut inflation and skyrocketed government spending. Here’s the problem: With such narrow majorities in Congress and issues like the state and local tax deduction and potential cuts to Medicaid, we can’t take this for granted. Some try to argue that these tax cuts are only for the rich, but that’s simply not true (read to the bottom for some hard numbers). Lawmakers like Speaker Johnson and Sen. Thune need to know that activists like you have their backs to get this bill over the finish line as quickly as possible. If Congress delays, we might not see the expansions on tax cuts mentioned above, and the bill might get so watered down that it minimizes the impact for families. 1️⃣ Join the movement to extend the 2017 Trump tax cuts and support middle-class families by signing our letter to lawmakers. 2️⃣ For more insights, read the full New York Post article here. |